BitcoinLong
LH on 28-31 December Followed by a Local bottom 1-3 January 2025
Today is 21 December 2024. I expect a GREEN closure on 22 December, and a RED closure on 24 December.
One thing is clear to me that lower prices of Bitcoin and Alts are coming in the near future and therefore it is unlikely that the MMs will go straight down. I expect a LH on 28-31 December 2024 and then a local bottom on 1-3 January 2025.
The higher fractals presenting bull scenarios managed to forecast the top on 17 December 2024, however they got invalidated after that. I still keep them as a reference to what has happened historically. The most adequate fractal forecasting what is to come in the days ahead is the bottom fractal. Meandering between local tops and bottoms it reaches a sharp bottom on 1 February and from there on it makes a bull reversal.
Fractals rarely are valid for so long. My goal is to check if any sharper pivots are coming in the month ahead. The exact dates don't have to be exact.
One thing is clear to me that lower prices of Bitcoin and Alts are coming in the near future and therefore it is unlikely that the MMs will go straight down. I expect a LH on 28-31 December 2024 and then a local bottom on 1-3 January 2025.
The higher fractals presenting bull scenarios managed to forecast the top on 17 December 2024, however they got invalidated after that. I still keep them as a reference to what has happened historically. The most adequate fractal forecasting what is to come in the days ahead is the bottom fractal. Meandering between local tops and bottoms it reaches a sharp bottom on 1 February and from there on it makes a bull reversal.
Fractals rarely are valid for so long. My goal is to check if any sharper pivots are coming in the month ahead. The exact dates don't have to be exact.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.